Mortgage Pre-Fund QC Software: QReview
Pre-fund file reviews have unique needs based on how lenders use the audit in their origination process. Speed, customization and flexibility are much needed factors when implementing a pre-fund process. Some lenders can get by with pre-fund audits in 24 hours. However, some need to get their pre-fund audits completed in hours or even minutes. Most lenders do not have the capacity to staff a full pre-fund QC department to meet all the variable needs of the pre-fund audit. We built QReview to satisfy these needs and provide greater flexibly to lenders with their pre-fund audits.
QReview is web-based audit software that allows lenders to use their staff to audit pre-fund files in the specific time frames needed. It's embedded in MetaSource QLink web-based QC analytics platform which means lenders can outsource other audits while conducting their own pre-fund files with all the data and metrics on all the lenders audits are in one place. In addition, QReview is flexible enough to where the lender can audit a portion of their required pre-funds and MetaSource can conduct the other portion of the required pre-fund audits. All the pre-fund data and reports, regardless of if the lender completed or MetaSource, is combined in the same place for trending and reports. With QReview integrated into QLink, all the post-close, servicing, and pre-fund data, reporting, and trending are located in the same place.
QReview allows lenders to use an existing pre-fund checklist that is continually updated by MetaSource. QReview also allows clients to add their lender specific questions to the existing question set or use the lenders existing audit checklist.
QReview is easy to set up and designed for efficiency. Speed is the name of the game in pre-fund audits. Set up is quick and there is no software to download. Creating a loan is easy via a bulk upload of data or via a FNMA 3.2 file.